Are we underestimating the real impact of workplace pressure?
May 15, 2025
This week is Mental Health Awareness Week, and an important opportunity to reflect on how we manage wellbeing in the workplace. If you are leading a team or business, it can feel like your task list never ends, but one fact ...
READ MORE
The Bank’s latest rate cut is here, what now for your business?
May 13, 2025
The Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent. It is the fourth cut in the past 12 months, and Governor Andrew Bailey has hinted there could be more to ...
READ MORE
Company car VAT – Avoiding mistakes when applying the fuel scale charge
May 08, 2025
From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices. Businesses using company cars will see a cut of nearly six per cent across most bands, with new rates applying ...
READ MORE
How to claim a Self-Assessment tax refund during the HMRC phone line pause
May 06, 2025
HM Revenue & Customs (HMRC) has recently temporarily suspended telephone and webchat services for Self-Assessment repayment requests. This change is a response to a rise in suspected fraudulent activity targeting its systems. While it may cause inconvenience, there are still reliable ways ...
READ MORE
What is the Worldwide Disclosure Facility and when should you use it?
May 01, 2025
If you have undeclared income or assets held overseas, you may owe tax in the UK. The Worldwide Disclosure Facility (WDF) offers a way to correct your tax affairs where foreign income or gains should have been reported but were not. HMRC ...
READ MORE
Right to work checks – Financial risks and compliance steps for business owners
Apr 29, 2025
Right to work checks form an important part of business risk management, particularly now that the Government has increased the financial penalties for non-compliance. From 2024, employers who fail to carry out correct checks face fines of up to £45,000 per ...
READ MORE
HMRC is closing its free Company Tax Return filing service – what your business needs to do now
Apr 24, 2025
From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax Returns and annual accounts. If you currently rely on this system, you will need to switch to commercial software to stay ...
READ MORE
An overview of filing and payment penalties for businesses
Apr 22, 2025
Across the major taxes, HM Revenue & Customs (HMRC) issues penalties when tax is not filed or paid on time. The specific rules vary by tax type, but late submission or payment will cost you. Let’s look at what has changed, particularly ...
READ MORE
Can nearshoring solve the economic confusion?
Apr 17, 2025
It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous place from an economic standpoint. The situation has been evolving so rapidly that any information provided about the specifics of tariffs ...
READ MORE
Time is running out to respond to the open consultation on reforms to APR and BPR
Apr 15, 2025
The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax (IHT). Effective from April 2026, the new rules abolish the unlimited 100 per cent tax relief on agricultural and business assets. Instead, ...
READ MORE
© Walker Begley 2024. All rights reserved. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registered in England and Wales no. 5280582
- Privacy
- Terms & Conditions
- VAT number: 107 1775 25
- The information required by the ‘Provision of Services Regulations’ is on display at our office.